Re:Silicon Valley's obscure unicorns could boost 2017 IPO ma...
by edblarney on Sunday January 01, 2017 @03:30AM
(#13295107)
That's cool. FYI - Vancouver announced a major tax on foreign purchases, which did hit the market hard.
The claim was that 'foreign buyers' were not driving up prices, but clearly they were.
And the tax didn't even imply that all foreign purchases dried up, just that some would have, and the price-point of their purchase decision would have changed somewhat.
If you want to see when those price inelastic momentum makers have left the market, watch the trailing 10, 30 day listing to sales price ratio. 10 day trailing gives you a hint, but it should be clear as day after 30 days when you see inventory selling consistently below asking.